The general meeting which decides on capital increase may, in favor of one or more persons named or not, cancel the pre-emptive subscription right.
The beneficiaries of this provision shall not take part in the vote under penalty of the decision being declared null. The quorum and majority required shall be calculated after deduction of the shares they own.
The issue price or the conditions of fixing this price are set by the extraordinary general meeting based on the report of the board of directors and the auditor.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 230
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 839 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.